Wint-Construct: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
Wint-Construct
Largest movements
- Current investments -€1.0m
down €1.0m (-16.7%), from €6.0m to €5.0m
- Tangible fixed assets -€132,889
down €132,889 (-7.6%), from €1.7m to €1.6m
of which Land and buildings: -€132,450
- Cash -€130,111
down €130,111 (-39.5%), from €329,497 to €199,386
mainly Contributions, distributions and other (-€1.1m) and Other debts (-€219,036)
- Reserves -€999,572
down €999,572 (-16.5%), from €6.1m to €5.1m
of which Distributable reserves: -€999,572
- Other debts -€219,036
down €219,036 (-16.8%), from €1.3m to €1.1m
- Gross operating margin -€2.8m
down €2.8m (-95.5%), from €3.0m to €133,037
- Financial income -€389,595
down €389,595 (-73.1%), from €532,841 to €143,246
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,895,155 | €7,650,734 | -€1.2m | -14.0% |
| Fixed assets | 21/28 | €1,738,347 | €1,605,458 | -€132,889 | -7.6% |
| Tangible fixed assets | 22/27 | €1,738,347 | €1,605,458 | -€132,889 | -7.6% |
| Land and buildings | 22 | €1,736,611 | €1,604,161 | -€132,450 | -7.6% |
| Plant, machinery and equipment | 23 | €1,122 | €1,032 | -€90 | -8.1% |
| Furniture and vehicles | 24 | €614 | €265 | -€349 | -56.9% |
| Current assets | 29/58 | €7,156,808 | €6,045,276 | -€1.1m | -15.5% |
| Amounts receivable after more than one year | 29 | €800,000 | €800,000 | = | 0.0% |
| Other amounts receivable | 291 | €800,000 | €800,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €3,729 | €8,361 | +€4,632 | +124.2% |
| Other amounts receivable | 41 | €3,729 | €8,361 | +€4,632 | +124.2% |
| Current investments | 50/53 | €6,000,000 | €5,000,000 | -€1.0m | -16.7% |
| Cash at bank and in hand | 54/58 | €329,497 | €199,386 | -€130,111 | -39.5% |
| Deferred charges and accrued income | 490/1 | €23,582 | €37,529 | +€13,947 | +59.1% |
| Total equity and liabilities | 10/49 | €8,895,155 | €7,650,734 | -€1.2m | -14.0% |
| Equity | 10/15 | €7,563,060 | €6,563,488 | -€999,572 | -13.2% |
| Contributions | 10/11 | €1,507,500 | €1,507,500 | = | 0.0% |
| Capital | 10 | €1,507,500 | €1,507,500 | = | 0.0% |
| Issued capital | 100 | €1,507,500 | €1,507,500 | = | 0.0% |
| Reserves | 13 | €6,055,560 | €5,055,988 | -€999,572 | -16.5% |
| Non-distributable reserves | 130/1 | €150,750 | €150,750 | = | 0.0% |
| Legal reserve | 130 | €150,750 | €150,750 | = | 0.0% |
| Distributable reserves | 133 | €5,904,810 | €4,905,238 | -€999,572 | -16.9% |
| Amounts payable | 17/49 | €1,332,095 | €1,087,246 | -€244,849 | -18.4% |
| Amounts payable within one year | 42/48 | €1,332,095 | €1,087,246 | -€244,849 | -18.4% |
| Financial debts | 43 | €3,750 | - | -€3,750 | |
| Credit institutions | 430/8 | €3,750 | - | -€3,750 | |
| Trade debts | 44 | €6,345 | €6,246 | -€99 | -1.6% |
| Suppliers | 440/4 | €6,345 | €6,246 | -€99 | -1.6% |
| Taxes, remuneration and social security | 45 | €22,000 | €36 | -€21,964 | -99.8% |
| Taxes | 450/3 | €22,000 | €36 | -€21,964 | -99.8% |
| Other amounts payable | 47/48 | €1,300,000 | €1,080,964 | -€219,036 | -16.8% |
| Non-recurring operating income | 76A | €2,711,800 | - | -€2.7m | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €132,889 | €132,889 | = | 0.0% |
| Other operating charges | 640/8 | €62 | €62 | = | 0.0% |
| Gross operating margin | 9900 | €2,952,660 | €133,037 | -€2.8m | -95.5% |
| Operating profit (loss) | 9901 | €2,819,709 | €86 | -€2.8m | -100.0% |
| Financial income | 75/76B | €532,841 | €143,246 | -€389,595 | -73.1% |
| Recurring financial income | 75 | €532,841 | €143,246 | -€389,595 | -73.1% |
| Financial charges | 65/66B | €742 | €530 | -€213 | -28.6% |
| Recurring financial charges | 65 | €742 | €530 | -€213 | -28.6% |
| Profit (loss) for the period before taxes | 9903 | €3,351,808 | €142,802 | -€3.2m | -95.7% |
| Income taxes | 67/77 | €60,698 | €61,374 | +€676 | +1.1% |
| Profit (loss) for the period | 9904 | €3,291,110 | €81,428 | -€3.2m | -97.5% |
| Profit (loss) for the period to be appropriated | 9905 | €3,291,110 | €81,428 | -€3.2m | -97.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.